What if this time is different because people actually are using Bitcoin as money… They saved it and now need to spend it due to a shit economy. Maybe everything is working as it should and once the money printer fires up again, Then we rip hard as those who had to spend Bitcoin begin to save it again.

I feel attacked.

In a few years, everyone’s 50 year mortgage payments will be more than their 30 year mortgage payments are currently, and the next solution will be 100 year mortgages. The irony is that at that point, your home will only last 20 years…with regular maintenance. Only those who stop playing this idiotic game and opt out via Bitcoin will prosper. The rest will keep tightening the shackles of debt around their limbs.

The irony is crazy.

If the last time the government did stimulus was at the bottom…then we are going much higher from here. Just a thought.

Is the AI boom just a facade for companies/nations to covertly build out Bitcoin mining capacity?

Exactly man. 🤙

Yeah, I wasn’t going to personally do it myself until I’d vetted it with others to see if my logic checked out and that others were also doing. I hear ya.

Somewhat unrelated. Can someone poke holes in my logic here? If someone wanted to increase the cost basis of their Bitcoin via a wash sale, then why couldn’t you just sell your Bitcoin at a loss to your friend by claiming a low USD price but have them charge a large transaction fee to offset the reduction in the USD price of Bitcoin? And then when you buy the Bitcoin back from your friend you just reduce or eliminate the transaction fee to buy it back at the full market rate USD price?

Somewhat unrelated. Can someone poke holes in my logic here? If someone wanted to increase the cost basis of their Bitcoin via a wash sale, then why couldn’t you just sell your Bitcoin at a loss to your friend by claiming a low USD price but have them charge a large transaction fee to offset the reduction in the USD price of Bitcoin? And then when you buy the Bitcoin back from your friend you just reduce or eliminate the transaction fee to buy it back at the full market rate USD price?

Somewhat unrelated. Can someone poke holes in my logic here? If someone wanted to increase the cost basis of their Bitcoin via a wash sale, then why couldn’t you just sell your Bitcoin at a loss to your friend by claiming a low USD price but have them charge a large transaction fee to offset the reduction in the USD price of Bitcoin? And then when you buy the Bitcoin back from your friend you just reduce or eliminate the transaction fee to buy it back at the full market rate USD price?

I was trying to see if there was some new paradigm that we were all missing about Bitcoin because of its decentralize nature to where maybe there truly is no market price other than what two people are willing to trade it for, which could be used for tax loss harvesting/wash sales. I was thinking how there are many exchanges that all have different market prices, so who sets the market price. But @HODL pointed out that the scenario I described fails the fair market value test. You make a good point though that we should try to move past the “incentivizes” of the system. Interesting approach.

I was trying to see if there was some new paradigm that we were all missing about Bitcoin because of its decentralize nature to where maybe there truly is no market price other than what two people are willing to trade it for, which could be used for tax loss harvesting/wash sales. I was thinking how there are many exchanges that all have different market prices, so who sets the market price. But pointed out that the scenario I described fails the fair market value test.